21 October 2019 - 16:52
  • News Code: 294614
Refinery Generates $100m in 7 Months

TEHRAN (Shana) -- Persian Gulf Star Refinery earned $100 million by exporting petroleum products in the first 7 months of the current calendar year, which began on March 21.

According to the plant’s CEO, by exporting petroleum products more value-added is created leading to better economic climate in the country.

Mohammad Ali Dadvar said his company had a special stake in the export of petroleum products in the preceding calendar year and could generate an excess of $300 million by exporting items.

Despite increased pressure on Iran caused by the sanctions, export of the items has continued by Persian Gulf Star Refinery in the current calendar year and has reached 250,000 metric tons generating $100m, he said.

Dadvar said that inauguration of the 4th phase development of the refinery would bring its output from currently 360,000 b/d to 540,000 b/d of gas condensate.

The refinery has turned Iran into a potential petrol exporters.

News Code 294614


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